Quick Q regarding adding and removing liquidity

How about nasdaq and amex stocks?

 

Ask your broker for a fee sheet. There you can figure out exactly who's the best for you to execute...

 

This might help:

http://www.stocktrading.com/Exchange Fees - October 2007.html

Don

 

OK guys, I'm still getting raped w/ fees. I'm attempting to place orders btwn the bid/ask spread, but that only works once in a while.

Take a look at this fee raping. Again, my commission rate is $4 per 1000 shares. I'm even going to show the stocks that I bought so far today. I'm whiting out one b/c it was an embarassment and I placed a market order on it.

Can somebody please help me

Again, I'm new to the game, and only trading on 200 share lots now.

 

OK.

First example. B300 S300. 600 x .004 = 2.40 for commish.

If you took liquidity on ECN and paid .003 x 600 = 1.80 = $4.20 (You show $4.64 - SEC + ?)...if you would have parked on ECN and received .0025 x 600 = $1.50 your way. That is a difference of $3.30 by parking vs. taking.

Not much to it overall.

Am I missing something?

Don

 

Don I'm confused. What do u mean by 'parking on ECN'

 

Parking on ECN = putting your order on the queue, adding liquidity.

 

Do you get charged the "remove liquidity" fee AND the route-out fee if sending market orders?

 

with a market order you'll get charged the routed fee... or the remove fee, but not both.

 

May I ask :

If I send 2 orders at the same time,
One Buy at Bid 1000 shares x 4.01
Second Sell at Ask same 1000 Shares x 4.02
The stock is trading 200 Mil day
What are the chances that both orders will be excecuted,
and if they are, do I recieve two credits, for for Buy and for Sell ?

If yes then my profit will be 10+2.5+2.5-(commission 2)=13$

I'm I missing something?

Thanks